Cybernetics Products Inc

Shareholders of Cybernetics Products Inc. have approved a one-for-four reverse stock split and a change of name to Dynamotion/ATI Corp. Cybernetics said the Dynamotion/ATI name is well-known for printed circuit board drilling technology. The company also announced that Howard J. Jelinek, founder of Electronic Design Associates, has joined its board of directors. Cybernetics Products Inc. develops and manufactures precision, high-volume drills and routers for electronic circuit boards.

Shareholders of Cybernetics Products Inc. have approved a one-for-four reverse stock split and a change of name to Dynamotion/ATI Corp. Cybernetics said the Dynamotion/ATI name is well-known for printed circuit board drilling technology. The company also announced that Howard J. Jelinek, founder of Electronic Design Associates, has joined its board of directors. Cybernetics Products Inc. develops and manufactures precision, high-volume drills and routers for electronic circuit boards.

Cybernetics Products Inc. said Thursday it has agreed to a stock swap to acquire a controlling interest in Vision Ten Inc., a maker of X-ray equipment. Cybernetics said a big shareholder agreed to exchange a 51% stake in Torrance-based Vision Ten for 160,000 Cybernetics shares. At Thursday's closing price of $1.187 a share, the deal has a value of $190,000 for Cybernetics.

Cybernetics Products Inc., the Santa Ana manufacturer of drills and routers for electronic circuit boards, reported a loss from continuing operations for 1994. The company said it lost $298,000, or 6 cents a share, compared to a loss from continuing operations of $861,000, or 23 cents a share, for 1993. The 1993 figures included a onetime restructuring cost of $812,000. Revenue from continuing operations for 1994 rose 43% to $16.2 million from $11.3 million.